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Real estate crisis whodunit fails to make a case

Book Review: 'Public Trust Betrayed: The Truth Behind the Real Estate Appraisal Industry'

The real estate event of the summer
Connect with other top producing agents at Connect SF, Aug 7-11, 2017

Book Review Title: "Public Trust Betrayed: The Truth Behind the Real Estate Appraisal Industry" Author: James E. Manning Publisher: Tate Publishing, 2011 Since the inflated housing market fizzled flat a few years ago, enough real estate expose books have been published to fill, well, a house. We've seen insider revelations from the perspective of mortgage lenders and brokers. We've read accounts of Wall Street mortgage securitization dissected and discussed in stomach-churning detail.I have personally read at least three books written by consumers who bought, sold or financed (and refinanced, and refinanced) homes during the last decade's heady housing market. But who haven't we seen or heard from? Appraisers -- who are alternatively the most or the least culpable of all these market participants for the housing market's crash (depending on who you're talking to at any given moment). And, from my vantage point, appraisers are in a tough spot -- making their p...